04.18.2022

Spending on Financial Market Data Reaches Record

04.18.2022
Spending on Financial Market Data Reaches Record

Global spending on financial market data and news continued its decade-long growth streak with revenues jumping 7.4% to a record $35.6 billion in 2021. Although real-time trading and data spending accounted for the largest share of total revenues, strong demand for Pricing, Reference and Valuation data drove spending according to a new report published today by Burton-Taylor International Consulting, part of TP ICAP’s Data & Analytics division.

Growth was consistent across all global regions, with market data spending in the Americas increasing by 8.1% in 2021, just slightly outpacing the 6.7% rate in EMEA while spending in Asia grew by 6.6%. Market data spend in the Americas accounted for 55.1% of the global total, with EMEA and Asia accounting for 26.2 % and 18.7% of the total, respectively.

Bloomberg continues to claim the largest share of the global market data business, followed by Refinitiv and S&P Global Market Intelligence. Morningstar reported the sharpest revenue growth in 2021, followed by Moody’s Analytics and Refinitiv.

“As the uses of market data have extended beyond the trading desk into the middle- and back-office functions, budgets of investment banks and asset managers are increasingly inelastic”, says Robert Iati, Managing Director at Burton-Taylor.  “The new forms of data delivery that emerged during previous years’ lockdowns, such as more flexible data feeds and growth in mobile solutions, have found a place in all businesses, boosting the business for market data providers.”

Source: Burton-Taylor International Consulting

Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
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See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/

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We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!

Check out the full list here:


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Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!

Learn more & submit your nomination:

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HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

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